ADVERTISEMENT
Saturday, July 26, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Business

CCP Issues Notices to PSMA and Member Sugar Mills for Rehearing in Cartelization Case

News Desk
July 9, 2025
CCP Issues Notices to PSMA and Member Sugar Mills for Rehearing in Cartelization Case
Share on FacebookShare on Twitter
Advertisements

ISLAMABAD, July 9: The Competition Commission of Pakistan (CCP) has issued notices to the Pakistan Sugar Mills Association (PSMA) and its member sugar mills to appear for a hearing in the matter of show cause notices issued to PSMA and member mills in November 2020 for alleged cartelization and anti-competitive conduct. The proceedings are scheduled for August 4th, 5th, 6th and 7th, 2025.

The hearing notices have been issued in compliance with the 21 May 2025 order of the Competition Appellate Tribunal (CAT), which directed the matter to be reheard by the Chairperson or Member of the Commission who was not part of the earlier conflicting opinions. The Tribunal further directed that the matter be decided preferably within 90 days.

In 2021, the CCP had imposed a penalty of nearly Rs 44 billion on PSMA and its member mills for violating competition laws. The order, however, was challenged in CAT, which questioned the legality of the casting vote exercised by the then Chairperson to break a 2-2 deadlock in the original four-member bench.

Advertisements

The Tribunal held that no casting vote could be exercised in quasi-judicial proceedings under the Competition Act, 2010, and set aside the resulting order. Through the current notices, CCP has directed all concerned parties to nominate authorized representatives and appear with all relevant facts and material for the rehearing.

Advertisements
News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

UNSC adopts Pakistan-sponsored resolution for peaceful conflict settlement
ARTICLES

UNSC adopts Pakistan-sponsored resolution for peaceful conflict settlement

July 25, 2025
MG Motors and Bank Alfalah Launches a ‘Freedom Package’ with an Instant Vehicle Delivery and Auto Financing
Business

MG Motors and Bank Alfalah Launches a ‘Freedom Package’ with an Instant Vehicle Delivery and Auto Financing

July 25, 2025
The ombudsman Secretariat shall sign the M.O.U with Pakistan Red Crescent Sindh for the Humanitarian Assistance to the Most Vulnerable in Sindh.
Headline

The ombudsman Secretariat shall sign the M.O.U with Pakistan Red Crescent Sindh for the Humanitarian Assistance to the Most Vulnerable in Sindh.

July 24, 2025
11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi
Headline

11th ISEM Solar Exhibition 2025 Opens at Expo Center Karachi

July 24, 2025
SHCC decided to take action against unregistered Healthcare Establishments Board of Commissioners approved PKR 15 million penalty against 224 quacks
Headline

SHCC decided to take action against unregistered Healthcare Establishments Board of Commissioners approved PKR 15 million penalty against 224 quacks

July 24, 2025
Altaf Hussain Discharged from London Hospital After Recovering from Serious Illness
Headline

Altaf Hussain Discharged from London Hospital After Recovering from Serious Illness

July 24, 2025
Pak pharma sector has limitless potential in Africa.
Headline

Pakistan’s Pharmaceutical Exports Surge 34%, Marking Highest Growth in Two Decades

July 24, 2025
How to Watch the UEFA Women’s Euro 2025 Final Live Online — Free Streaming Options
Headline

How to Watch the UEFA Women’s Euro 2025 Final Live Online — Free Streaming Options

July 24, 2025
Karachi Couple Caught Distributing Fake Currency in Abbottabad; Rs136,000 in Counterfeit Notes Seized
Headline

Karachi Couple Caught Distributing Fake Currency in Abbottabad; Rs136,000 in Counterfeit Notes Seized

July 24, 2025
Punjab to Launch E-Taxi Scheme in August — Special Quota for Women Drivers
Headline

Punjab to Launch E-Taxi Scheme in August — Special Quota for Women Drivers

July 24, 2025
Next Post
Qatari Riyal to Pakistani Rupee Rate Today – May 17, 2025

Qatari Riyal Strengthens Further Against Pakistani Rupee

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

PM Youth Laptop Scheme 2025: HEC Releases Merit List – Check Your Eligibility Online Now!

Improving Pakistan’s Response to Gender-Based Violence – A discussion on implementation of the Anti-Rape Act 2021.

Yinyleon & her husband most viewed amateurs 2022 on adult site.

Reckitt Benckiser (RB) & partners to revolutionize access of health & hygiene across 1 million rural households, backed by the UK Government

Mehwish Salman Ali Elected President of CxO Global Forum USA Chapter

Must Read

Saylani Trust
Headline

Saylani Trust offers cooperation in expanding PM’s initiative ‘Koi Bhooka Na Soye’

April 11, 2021
Momin Saqib becomes first TikTok content creator to represent  Pakistan at Cannes Lions 2025
Business

Momin Saqib becomes first TikTok content creator to represent Pakistan at Cannes Lions 2025

June 16, 2025
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.